GAT Newsletter July 2016

Industry News

GFSC 2017 fee consultation

The Commission has issued a consultation paper on its proposals for increases in the 2017 licence fees paid by fiduciary licensees.  For fiduciary the annual fee proposal changes were announced in the 2015 consultation as part of stepped changes to the bandings.  Overall all other fees have a 2% rise.

The consultation period will close on Wednesday 31 August.

Please click and download here:  Consultation Paper 2017 Fee Proposals

Any comments that members have can be submitted directly or if via GAT please send to Rhona Humphreys:

The States of Guernsey Committee of Economic Development

The Committee for Economic Development is looking for a Chief Secretary. The role is an important one, responsible for leading and implementing the strategy of the newly created CoED.

You can click on the links below to download a copy of the advert as well as a full job description, which you can circulate amongst your colleagues in case they know of a suitable candidate.

Chief Secretary Advert – Final version

Chief Secretary Job Description

Forthcoming Events

Remember to check our Events Calendar for Industry presentations and other events that may be of interest.

You are invited to join STEP Guernsey in celebrating their Gala Year on 23rd September 2016. A winning combination of superb food, great company, sophisticated surroundings and great entertainment make this the best night in the Fiduciary calendar. For more details and to book your table click the link below:

STEP Guernsey Gala Ball 2016

Please note there are only 4 tables remaining and due to demand a 20% deposit of £100 will be requested upon receipt of your booking.

GAT, STEP Guernsey, Guernsey Finance Breakfast Seminar

You are invited to this tripartite hosted event organised by: GAT, STEP & Guernsey Finance at 9am on 7th September (registration from 8.30am)

Please join us at the Old Government House for an update by Josh Rubenstein of Katten Muchin Rosenman LLPHeads I Win, Tails You Lose: Advising the Wealthy in Times of Protracted and Unprecedented Political, Economic, Cultural and Scientific Change

Josh will make observations on how difficult it has become to do estate planning and wealth preservation for clients when the rules change constantly. It covers tax changes here and abroad (as they impact one another), enforcement changes leading to FATCA, changes in access to information, changes in the nature of families, and changes in the frequency of intra-family litigation, then reviews what changes are likely in transition, which will return to “normal,” and which changes are here to stay — and how best to advise in the meantime.

We are also pleased to invite you to join us for breakfast following the presentation.

To find out more and to book your place at this seminar please click here:

Step Guernsey 2016/17 Event Series…Save the Dates

STEP Members and Non-members please save the following dates for our new lecture series of 2016/17.  Invites with booking details will be circulated shortly.

Lunchtime Lecture No. 1
Date: Tues 13th September
Venue:  St James
Speaker: The GFSC’s new Chief Risk Officer Katherine Jane
Topic: Update on the GFSC regulatory approach (PRISM), and risk trends.

Evening Lecture No. 1
Date: Mon 26th September
Venue:  St James
Speaker Chris Moorcroft, Harbottle & Lewis LLP
Topic:  Taking on higher risk business: how Fiduciaries can mitigate their own iduciary risk

The States of Guernsey is supporting ‘FinVention’, which takes place at St. James’ on 1 November 2016.

The event will showcase both Fintech and Digital businesses in various stages of maturity and will include Guernsey and international start-ups, plus established businesses.

There are opportunities to support the event as a delegate, speaker and sponsor. To learn more click here:  FinVention 2016


Guernsey Finance Events 2016/2017

View the full list of private wealth conferences and events that GF plan to attend by clicking here: GF Conferences & Events. Subsidised passes are available for the following events:

· 1 Nov. FT Family Office, Beijing

· 1 & 2 Nov. STEP Asia, Hong Kong

· 3 Nov. FT Family Office, Shanghai

· 15 Nov. STEP 25th Anniversary reception, London

To register your interest in attending any of these events, please contact Kat Gillespie. GF are also hosting a private wealth focused event in Singapore on 8 November 2016. Please contact Vicky Richardson for further details.

Save the Date – GF’s annual Industry Update will be held at St James on 5 October 2016.


Guernsey Compliance & Economic Crime Symposium

The 2016 Guernsey Compliance & Economic Crime Symposium will attract financial services professionals from Guernsey, the UK and Europe and will provide delegates with an update on top regulatory issues as well as exploring global topics such as the revelation of the Panama Papers, countering the financing of terrorism, sanctions and bribery & corruption.

The one-day symposium will take place on 08 November, and on 11 November all registered delegates are invited to a complimentary summary workshop. The 1.5-hour workshop will run three times during the day, allowing flexibility, to ensure everyone can attend. Delegates who also attend the workshop are entitled to an additional 1.5 hours CPD.

STEP Guernsey & GAT Members receive 10% off, click here for more information and to book your place.

Sponsor Articles

Items of relevance and interest to Members brought to you by GAT Sponsors. Click here to see Sponsor page.

Our Sponsors Asset Risk Consultants bring you an article on Lifting the Veil of Ignorance.

Click here to read.

Find out how ARC help their clients understand and interpret the performance of their portfolios.

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